Fixed yields are out, while floating yields – which adjust higher in tandem with rates – are in. The sudden popularity of “floating rate” issues may have you rightfully wondering whether or not this trade is already too crowded. Closed-End Funds Trading at DiscountsClosed-end funds (CEFs) are a great place for contrary-minded income seekers like us to comb through. And that’s where we can find some floating rate bargains today. Here are five floating rate bond funds paying 5.3% to 7.3% yields discounts or more currently trading at discounts up to 6.7%:Dividend Growth: Better Than a HedgeWhen rates rise, the best defense is a good offense.

Source: Forbes November 25, 2016 14:15 UTC